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Cournot duopolists face a market demand curve given by P = 90 - Q where Q...

Cournot duopolists face a market demand curve given by P = 90 - Q where Q is total market demand. Each firm can produce output at a constant marginal cost of 30 per unit. There are no fixed costs. Determine the (1) equilibrium price, (2) quantity, and (3) economic profits for the total market, (4) the consumer surplus, and (5) dead weight loss.

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Rahul Sunny answered 2 years ago
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Cournot duopolists face a market demand curve given by P = 90 -Q where Q is...
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